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National Business
National Business
Retail sales jump as Americans defy inflation and rate hikes
WASHINGTON (AP) — America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy's resilience in the face of higher p
Feb 15, 2023 2:54 PM
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Manulife net income slips in Q4 but up for 2022 as a whole
TORONTO — Manulife Financial Corp. says earnings slipped in the fourth quarter compared with a year earlier but rose for the full 2022 financial year. The insurance giant says net income attributable to shareholders came in at $1.
Feb 15, 2023 2:46 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,720.39, up 15.60): Enbridge Inc. (TSX:ENB). Energy. Down 17 cents, or 0.32 per cent, to $52.89 on 19.7 million shares.
Feb 15, 2023 1:51 PM
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Stocks eke out gains after blowout data on retail sales
NEW YORK (AP) — Stocks closed slightly higher on Wall Street after a report showed U.S. shoppers opened their wallets at stores last month by much more than expected. The S&P 500 eked out a gain of 0.3% Wednesday after erasing an early loss.
Feb 15, 2023 1:50 PM
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Barclays, once major funder, commits to stop financing oilsands
Barclays PLC, once a major oilsands funder, says it will no longer provide financing to the industry.
Feb 15, 2023 1:45 PM
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Average rent in Canada up 10.7% since last year: report
TORONTO — A new report says the average listed rent for all property types in Canada jumped by 10.7 per cent year-over-year in January, the ninth straight month of double-digit increases. The report from Rentals.
Feb 15, 2023 1:21 PM
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Indigo risks reputational damage as outage drags on: experts
TORONTO — The risks of reputational damage are growing for Indigo Books & Music Inc. as its website remains off-line more than a week after a cyberattack, experts say. The company first announced on Feb.
Feb 15, 2023 12:59 PM
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Feds restrict funding of research with foreign agencies deemed to pose security risk
OTTAWA — The federal government is moving to tighten its policy on bankrolling research with foreign entities that might pose a risk to national security.
Feb 15, 2023 12:40 PM
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Experts react to January home sales, which dropped 37.1 per cent
Canadian home sales were down 37.1 per cent in January compared with a year earlier, according to new figures from The Canadian Real Estate Association (CREA). It was the worst January for home sales since 2009.
Feb 15, 2023 12:25 PM
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Austin’s city manager fired over widespread power outages
AUSTIN, Texas (AP) — Austin's city manager was fired Wednesday in the wake of outrage over a slow and fumbled response to a winter storm power outage that left thousands of people in the Texas capital without electricity for a week or longer.
Feb 15, 2023 11:31 AM
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